Penny Pryor

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Articles

ATO issues crypto warning

1 week ago | smsmagazine.com.au | Penny Pryor |Jason Spits

The ATO has called on SMSF trustees to be mindful of the potential risks in relation to crypto-assets and to be careful when investing in this asset class in their funds. “We’ve seen instances of SMSF trustees losing their crypto-investments due to theft, lost passwords and impersonation schemes,” the regulator said in an update on its website.
Div 296 prompts flows to super alternatives

1 week ago | smsmagazine.com.au | Penny Pryor |Jason Spits

The prospect of the introduction of the Division 296 tax on super has driven significant inflows into investment bonds as advisers and their clients seek alternative vehicles for retirement savings, according to an investment solutions provider. Since the announcement of the proposed Division 296 tax in November 2023, Generation Life has seen 57 per cent growth in inflows into its investment bonds from December 2023 to March 2025.
Advice fee deductibility guide issued

1 week ago | smsmagazine.com.au | Penny Pryor |Jason Spits

Four major professional bodies representing practitioners in the advisory and taxation sectors have released a practical guide on how their members can help clients claim a tax deduction for financial advice fees. The guidance includes a 38-page document outlining three potential methodologies for apportioning fees, a quick reference guide and some sample invoice templates detailing how the advice can be itemised so the client understands what portion of it is tax deductible.
Family offices playing key role in explosive growth of evergreen funds

1 month ago | ioandc.com | Duncan Hughes |Penny Pryor

Family offices are expected to help drive a four-fold global growth in the use of evergreen funds investing in private equity and credit to nearly $AU65 trillion over the next decade, according to Hamilton Lane, a US-based alternative investment company with about $AU1.6 trillion under management and supervision.
Does tax deductibility increase retirement saving?

2 months ago | ioandc.com | Duncan Hughes |Penny Pryor

This paper presents new evidence on how employees respond to tax incentives for retirement saving. Using administrative data from a large retirement plan administrator in France, we examine the voluntary saving choices of approximately 1.4 million workers before and after the implementation of the 2019 Loi Pacte, a reform that introduced tax-deductible voluntary contributions into employer-sponsored retirement plans.
Family offices warn of threat to critical investment decisions

Mar 7, 2025 | ioandc.com | Duncan Hughes |Penny Pryor |Nicholas Way

Family offices, which are estimated to have more than $500 billion in funds under management, fear they are “falling behind” in their capacity to analyse the complex data needed to make critical investment and accounting decisions. Managers and advisers claim there are problems collating and disseminating timely data because assets are often held in various structures, such as private companies and trusts, and managed by several fund managers.
Penny Pryor

Mar 7, 2025 | ioandc.com | Penny Pryor |David Chaplin |Giselle Roux

The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Critical for seniors to come clean on travel insurance

Mar 4, 2025 | thegoldentimes.com.au | Penny Pryor |Duncan Hughes |Nicholas Way

One of the highlights of being retired is supposed to be all the travel you now have time for. Unfortunately, one of the things that may be essential to travel – insurance – typically does not get cheaper with age. If you have a pre-existing medical condition/s, the quest for insurance becomes even harder. “It is an interesting and challenging dilemma,” chief executive officer of Insured Nomads, Andrew Jernigan, tells The Golden Times.
Super news for December 2024

Dec 10, 2024 | superguide.com.au | Penny Pryor

At long last, SMSF members can now exit legacy pensions after proposed changes were given royal assent. The Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 were approved by the Governor General on 5 December. From 7 December, legacy pension holders have five years within which to commute a lifetime, life expectancy and market-linked income stream started before 20 September 2007.
Will AI transform the insurance landscape?

Dec 5, 2024 | anziif.com | Penny Pryor

ANZIIF is the leading membership, training and professional development organisation for the insurance and finance industry in the Asia-Pacific region. We partner with a broad range of organisations and government to provide services that support professional excellence. We help enhance standards and improve community understanding of insurance and finance.